Wheat Flour

BANGALORE: Wheat is causing heartburn to both millers and wheat flour users in the South. While on the one hand, the Centre has not displayed any affirmative action to help the millers have easier access to wheat thus rendering the entire future of the industry in jeopardy, on the other, lack of adequate wheat flour is impacting output of bakeries in the South. Local bakers are concerned about the non-availability of wheat flour. "We have some stock with us but given the long weekend and...

RAJKOT: The market size of packaged wheat flour will touch Rs 15,500 crore mark by 2020, double of its current market size of Rs 7,500 crore, according to a report. "The market size of packaged wheat flour is estimated to be Rs 7,500 crore in the current fiscal (2015-16) and by the end of this decade(in 2020), it is estimated to double and may touch Rs 15,500 mark," the report by Gujarat-based marketing consultant firm IKON said. The report claimed that the packaged...

NEW DELHI: The government is planning to do away with import duty on wheat flour from the current 30%. The move is expected to kill two birds with one stone. It will take off some demand pressure on India's wheat as the festival season approaches. It will also become a gateway for Americans to sell their wheat as a value-added product in the Indian market. Since wheat flour will not be tested for the same phytosanitary specifications as wheat grain, it will bypass the objections raised by the...

They said making bread was not a government business and sold such businesses while ushering in an era of minimum state intervention in the early 1990s. Two decades later, the state is entering into the business of grinding grain for the common man in urban areas who does not have time to visit a grind mill, reports Our Bureau from Pune. After Gujarat and New Delhi, now Maharashtra wants to sell wheat flour at cheaper rates in...

NEW DELHI: Nestle, the country's largest foods maker, swung into damage control mode on Thursday amid a social media storm over its flagship brand Maggi instant noodles being unsafe for consumption. On April 30, the authorities in Lucknow asked Nestle to recall one batch of Maggi noodles after tests showed it contained seven times higher levels of lead than permissible and traces of the controversial ingredient monosodium glutamate ...

BHOPAL: FMCG major Sanwaria Agro Oils Limited has launched exotic and premium brand basmati rice and soyabean oil to enhance its presence in the fast moving consumer goods market . The new products - Sanwaria Seth Basmati Rice and Sanwaria and Narmada brands of refined soyabean oil — were launched last night by the company's directors Anil Agrawal and Rahul Agrawal. The group, which has its presence in various sectors including energy,...

NEW DELHI: India on Wednesday made an exception to the ban on wheat and wheat flour exports and allowed sale of 17,000 tons of wheat flour to Maldives. "The prohibition imposed on export of wheat flour shall not be applicable to export of 17,000 tons of wheat flour to Maldives through STC and MMTC, the Director General of Foreign Trade said in a notification. It said the exception was only for this transaction. Last year in February, the government had put a...

JAIPUR: Rajasthan government has decided to provide fortified wheat flour and subsidised pulses to around 50 lakh ration cardholders through dairy booths and cooperative consumer shops. Remaining one crore ration cardholders would be covered in the second phase of the scheme. Department of Food & Supply additional commissioner O P Yadav told ET that the state government proposes to sell fortified wheat flour to Above Poverty Line (APL) families at Rs 9 per kg...

RAJKOT: The market size of packaged wheat flour will touch Rs 15,500 crore mark by 2020, double of its current market size of Rs 7,500 crore, according to a report. "The market size of packaged wheat flour is estimated to be Rs 7,500 crore in the current fiscal (2015-16) and by the end of this decade(in 2020), it is estimated to double and may touch Rs 15,500 mark," the report by Gujarat-based marketing consultant firm IKON said. The report claimed that the...

NEW DELHI: The flour millers today criticized the government decision to ban wheat flour exports, saying it would hardly have any impact on flour prices as the quantity of exports was low. "The move (to ban wheat flour export) is not going to impact much as the export quantity was not worth mentioning," Roller Flour Millers Federation of India Secretary Veena Sharma told the media. The government yesterday extended the ban on wheat exports to an indefinite...

NEW DELHI: The government's plan to scrap customs duty on wheat flour (atta) from the current 30 per cent has not gone down well with the millers who feel the move would adversely affect the industry. "We do not want that wheat flour should be imported. It will directly affect the industry," Roller Flour Millers' Federation President Prem Gupta said. The affect would be more felt by millers in the coastal belt, he said, adding the Federation has made a...

Definition: An inferior good is a type of good whose demand declines when income rises. In other words, demand of inferior goods is inversely related to the income of the consumer. Description: For example, there are two commodities in the economy -- wheat flour and jowar flour -- and consumers are consuming both. Presently both commodities face a downward sloping graph , i.e. the higher the price the lesser will be the demand and vice versa. If the income of consumer rises, then he would be...

Sumana Mukherjee Jeeva George-Abraham was 26 when her life seemed to spiral out of control. An economic policy researcher with a leading industry organisation, she found herself complaining constantly of stress, fatigue, sleeplessness and, in the worst trough, persistent diarrhoea. "I was running to the loo up to nine times a day," she says. "I had a history of stomach-related ailments, and had also been treated for irritable bowel syndrome. All my tests were normal...

NEW DELHI: The Commerce Ministry today notified the government's decision that export of processed food items such as wheat flour, butter, cheese and oats will not be banned even though shipments of basic items are not allowed. The Directorate General of Foreign Trade (DGFT) said in a notification that the government has exempted with immediate effect 10 processed and value-added agricultural products from any export restrictions/ban. These products are:...

NEW DELHI: The government has allowed export of processed agricultural products even if there is a ban on basic farm produce like wheat , other cereals , milk , onion and groundnut .The decision was taken at the Cabinet Committee in Economic Affairs ( CCEA ) meeting on Thursday . Now, there will be an uninterrupted export of products like casein , peanut ,butter ,cheese,curd andother cereal items even if the government imposes a ban on theexportof food grains or milk . "The export...

NEW DELHI: US-based agri-food giant Cargill will invest about Rs 400 crore to set up a corn milling plant in Karnataka, and another Rs 100 crore on expansion of capacity of existing edible oil plants, the Chairman of its India unit said today. Cargill India, a Rs 9,000 crore company and part of nearly $134 billion global group, sells edible oils and vansapati under Nature Fresh , Sweekar, Gemini , Rath and Sunflower Vanaspati brands. The company...

NEW DELHI: Flour millers and biscuit makers will get windfall gains of Rs 1,900 crore with the government deciding to supply them 3 million tonnes of wheat at subsidised price of Rs 1,170 per quintal. Short of storage space in the monsoon season, the government yesterday decided to sell wheat at Rs 1,170 per quintal to bulk users under the open market sale scheme (OMSS), against the procurement price plus other costs of Rs 1,822 per quintal. Flour...

MUMBAI: Roller flour millers have called upon the government not to go ahead with the proposed import duty cut on wheat flour as it will adversely affect the domestic flour mills that are running at 45% of their capacities. As reported by ET earlier, the food ministry is piloting a move to do away with import duty on wheat flour from the current 30%. The ministry communicated the move through a note to the committee of secretaries. There are 800-1,000 flour mills...

NEW DELHI: Food Corporation of India today said it has asked the state governments to release nearly 2.7 million tonnes of wheat to bulk consumers, such as flour mills and biscuit makers, to control retail price. Last week, the Cabinet Committee on Economic Affairs (CCEA) had approved sale of 6.5 million tonnes of wheat under open market sale scheme (OMSS) through the tender process. "Instructions have already been issued to all states to release about 26.95 lakh...

NEW DELHI: Rising prices of agri-commodities like wheat, flour, sugar and vegetable oil is affecting the margins of the biscuit manufacturers, who have demanded that the government should reduce the VAT levied on biscuits. "Due to unprecedented increase in the costs of major raw materials during the last 2 years, biscuit makers, especially in the small and medium sector, are experiencing hardships and losses," India Biscuit Manufacturer's Association (IBMA)...